Connect with us

Litecoin

Glory Kickboxing Launches Litecoin Fight Night Payments With LTC VIP Package

Published

on

International kickboxing promotions firm Glory has started accepting Litecoin payments for tickets. To celebrate the announcement, the company is offering those choosing to pay using the crypto asset an exclusive package to really enjoy a fight in style.

The firm first announced the partnership with the Litecoin Foundation earlier this year. However, this will be the first time that tickets for a fight can be paid for using digital currency.

Glory Kickboxing Launches Litecoin Payments for Fights

Marital arts promotions firm Glory  is holding a special promotion to celebrate the fact that it is now accepting Litecoin for ticket purchases. The promotions company is offering those choosing to #PaywithLitecoin an exclusive package of extras to accompany their general admission to the fight.

The package deal is available at the next scheduled fight in the Glory calendar. It will be Glory #66, which is being held at the Paris La Villette in Paris, France on June 22.

Those opting to pay with either Litecoin or Bitcoin, will not only receive a VIP ticket to the even next week, but also an event t-shirt, signed event poster, backstage tour and photo opportunity, and a meet and greet with many of the franchise’s athletes.

At the time of writing, the website says there are only 10 of these commemorative packages available. The whole package will cost you just 100 euros, so not even a whole Litecoin after the recent price surge in anticipation of this summer’s historic halving event.

Following the Litecoin halving, which is a deliberate feature to slow the release of some blockchain-based crypto assets, the supply of new Litecoin entering the market each day will be cut in half. Investors are expecting this reduced supply to lead to higher prices, which it might well do, if there is consistent demand for Litecoin after the event.

Glory first announced that it would be working with the Litecoin Foundation to help promote digital currency adoption in February of this year. It then started accepting the crypto asset for purchases from its online store.

Glory was founded in 2012 by Glory Sports International. The promotions firm hosts events in a variety of martial art disciplines as well as kickboxing. These include Karate, Muay Thai, Taekwondo, and regular boxing.

The Litecoin Foundation describes the acceptance of Litecoin for sports tickets as a “first for crypto”.

Sports Organisations Receptive to Crypto

NewsBTC has reported on many examples of sporting clubs and leagues embracing crypto in some way in recent years. Different teams from around the world have explored the space to varying degrees and differing purposes. Some, like Glory with its Litecoin partnership, are interested in using the technology mostly as a payment solution.

Meanwhile, the example of the MLB Crypto Baseballcollectables game shows a sporting organisation experiment with crypto assets in an altogether different way. Finally, the Sacramento Kings, with its impressive crypto data centre in its stadium, utilises digital currency for more charitable ends.

News Source

Litecoin

Litecoin (LTC) gains $2 in a matter of hour

Published

on

Litecoin (LTC) gains $2 in a matter of hour

  • LTC/USD has broken above the resistance of $59.00.
  • The bullish momentum may be limited by psychological $60.00. 

Litecoin (LTC), the sixth-largest digital asset, has been one of the best-performing digital assets out of top-10. LTC/USD bottomed at $57.62 and jumped to $59.60 in a matter of an hour. At the time of writing, the coin is changing hands at $59.24, with over 1.5% gains on a day-to-day basis.

Litecoin’s technical picture

From the intraday, perspective strong support is now created by a combination of SMA100 (Simple Moving Average) and the upper line of 1-hour Bollinger Band at $59.00. Once it is broken, thee sell-off may be extended towards the next psychological barrier of $58.00, strengthened by SMA 100 and the middle line of the Bollinger Band on a 1-hour chart.

On the upside, we will need to see a sustainable move above the intraday high of $59.60 for the upside to gain traction. Once it is cleared, psychological $60.00 will come into view, followed by SMA200 1-hour eat  $60.50. The longer-term barrier is created by a confluence of SMA100 and the upper line of the Bollinger Band daily at $64.20.

LTC/USD, 1-hour chart

Source

Continue Reading

Litecoin

Litecoin [LTC/USD] Shows Bullish Signals as Pair Grows by 2.2% in a Day

Published

on

  • LTC/USD forms a golden MA cross on the daily candle charts crossing $59 USD.
  • Litecoin (LTC) targets major resistance level at $68.00 USD.

Litecoin seems to be drifting away from Bitcoin’s bearish market sentiments as its USD pair gained over 6% in the past 48 hours to trade at a current price of $59.40 USD following a huge $2.30 USD spike in the past 4 hours. The positive sentiments growing across Litecoin’s community are strengthened by a positive outlook on the technical indicators which signals a possible start of a bullish momentum in the crypto’s price market.

LTC/USD rises forming a golden cross

Looking at the 4 hour charts, LTC/USD is closing in on a formation of a golden cross, the short term 50 day MA line (red) crosses above the long term 200 day MA line. A ‘golden cross on LTC/USD signals a possible bullish uptrend towards testing resistance levels at $64, $67, and $68 in coming days.

LTCUSD golden cross
LTC/USD Chart by TradingView

The price candle is currently trading above the middle Bollinger Band (BB) signaling a possible run-up towards the upper band. Price bounced off the support level of the bearish channel at $57.40 USD with bulls taking control of the sustained uptrend since Oct. 23.

BB LTCUSD
LTC/USD chart by TradingView

The overall volatility in the crypto market has been dropping in the past few months with volumes traded also dropping in the past few days as traders look for the next move. LTC/USD’s has followed the trend seeing a current squeeze on the BB bands signaling a possible period of high volatility in the near future.

A case to buy alts?

The crypto market bulls are finally showing meager signals of taking over from the extended bearish period. LTC, currently ranked 6th on Coinmarketcap listing with a total cap of $3.8 billion, has been one of top beneficiaries in the crypto-revival in the past 24 hours. LTC/USD bulls spurred the coin 2.20% in the past 24 hours, registering the highest return among the top 10 cryptocurrencies during the period.

The surge comes at a time most top altcoins across the field are experiencing green daily candles for the first time in a week, witnessing slight gains between 0.05% and 5%. Some investors see thid as a chance to stock up on alts as BTC falters below $8,500.

News Source

Continue Reading

Litecoin

Litecoin (LTC) gains $2 in a matter of hour

Published

on

  • LTC/USD has broken above the resistance of $59.00.
  • The bullish momentum may be limited by psychological $60.00. 

Litecoin (LTC), the sixth-largest digital asset, has been one of the best-performing digital assets out of top-10. LTC/USD bottomed at $57.62 and jumped to $59.60 in a matter of an hour. At the time of writing, the coin is changing hands at $59.24, with over 1.5% gains on a day-to-day basis.

Litecoin’s technical picture

From the intraday, perspective strong support is now created by a combination of SMA100 (Simple Moving Average) and the upper line of 1-hour Bollinger Band at $59.00. Once it is broken, thee sell-off may be extended towards the next psychological barrier of $58.00, strengthened by SMA 100 and the middle line of the Bollinger Band on a 1-hour chart.

On the upside, we will need to see a sustainable move above the intraday high of $59.60 for the upside to gain traction. Once it is cleared, psychological $60.00 will come into view, followed by SMA200 1-hour eat  $60.50. The longer-term barrier is created by a confluence of SMA100 and the upper line of the Bollinger Band daily at $64.20.

LTC/USD, 1-hour chart

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

source:fxstreet

Continue Reading
Open

Close